Iran war hits India's star investors: Ashish Kacholia, Mukul Agrawal, others see 90% of their stocks lose in 2026

The broad market is experiencing a risk-off sentiment due to geopolitical events, leading to significant corrections in mid and small-cap segments. This indicates a shift towards safer assets and away from higher-risk growth stocks.

Maintain a bearish bias on mid and small-cap indices; look for opportunities in defensive sectors or large-cap quality stocks with strict stop-losses.

For Indian markets, this story mainly matters for the broad_market, mid_cap, small_cap pocket. The current signal is bearish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the market validates this read through price action, volume, and breadth. If the headline matters, the signal should show up in execution, not just in commentary.

• •Geopolitical tensions from the Iran conflict triggered a broad market sell-off in the March quarter.
• •Portfolios of Ashish Kacholia, Mukul Agrawal, and other star investors saw a vast majority of their stocks decline.
• •Many stocks experienced losses exceeding 90% of their holdings.
• •The downturn highlighted the vulnerability of mid- and small-cap stocks during global uncertainty.
• •Risk flag: Escalation of geopolitical tensions